In this episode, Leah and Aminder discuss the intricaterelationship business owners have with money, exploring various approaches to growth, the concept of sustainable growth, and the importance of running lean to achieve higher profit margins. They share personal experiences and insightson how their backgrounds influence their financial decisions and strategies for business success.

Takeaways

·     Every business has its own trajectory and growthplan.

·     There are different avenues for business growth:slow vs. rapid.

·     A frugal approach can lead to sustainablegrowth.

·     Understanding your expenses is crucial forprofitability.

·     Your relationship with money is shaped by yourbackground.

·     Sustainable growth means balancing revenue andexpenses.

·     Investing in your business should be strategicand calculated.

·     Running lean can help lay a foundation forhigher profit margins.

·     Revenue growth should not come at the expense ofprofit.

·     Your mindset around money influences yourbusiness decisions.

Chapters

00:00 Understanding Your Relationship with Money

09:43 Defining Sustainable Growth

18:58 The Importance of Running Lean

Keywords: business growth, sustainable growth, relationshipwith money, accounting, profit margins, lean startup, financial psychology, entrepreneurship, cash flow, investment

Website: TheAccountingEdit.com

Aminder's Links

Website: sequoia-cpa.com

Instagram: @sequoiacpa

LinkedIn: linkedin.com/company/sequoia-cpa

Leah's Links

Website: orca-accounting.com

Instagram: @orcaaccounting

LinkedIn: linkedin.com/in/leahmccool